A changing energy system is posing “critical questions” for many of the world’s largest oil and gas producing countries, the International Energy Agency (IEA) says. The rise of shale gas and oil in the US, global improvements in energy efficiency, and the response to climate change are
The Kaduna Refining and Petrochemical Company, one of the country’s crude oil refineries being managed by the Nigerian National Petroleum Corporation, has remained dormant. According to the corporation, the refinery’s capacity utilization has remained at zero for months, as the KRPC is not refining crude
Six years ago, Kenya discovered commercially viable oil deposits in the Turkana region. The find is expected to boost economic growth as about 560 million barrels of oil are expected to be recovered from the South Lokichar Basin. Commercial oil production is expected in about
On any given weekday, commuters in Lagos, Nigeria’s commercial capital, are snarled in traffic for hours. Container trucks and tankers take up several lanes of traffic on the major thoroughfares close to the city’s ports. Often these trucks have been parked on the highways overnight.
Nigerian crude market is still stuck with an overhang of close to 20 unsold cargoes from the 58-strong October loading programme. International oil traders disclosed to The Guardian yesterday that the November programme, the largest in six months, had seen fairly muted demand so far.
WORLD leading fertilizer company, OCP Group and Hubei Forbon Technology Limited, a Chinese company with specialisation in fertilizer additives have signed a framework agreement to establish a global partnership on the production of new generation fertilizers and smart agriculture. According to a press statement which
The Dangote Oil Refinery jetty located at the Lekki Free Trade Zone, Lagos has received its first ship call. The ship named: “BBC Naples”, berthed at the new jetty on Sunday evening to deliver essential equipment for ongoing construction work at the Dangote Refinery. The 132
The OrderPaper Advocacy Initiative (OAI) has stressed the need for the government to consciously seek the development of the oil and gas sector through reforms, given the critical nature of the sector to the economy. This, it said, informed its desire to host the inaugural
Simbi Wabote,, says Nigerian lawyers should get more involved and active in the ongoing reforms in the oil and gas industry. Wabote said this at a panel session during the 58th Annual General Conference of the Nigerian Bar Association in Abuja. Speaking on the
April recorded the highest volumes of LPG (otherwise called cooking gas) imported into the country at 59.89 million litres.Also, 55.37 million litres was imported in May, while in June the figure stood at 50.45 million litres in Q2. March recorded the highest volume of LPG